Nomura Purges Trading Communications Group; New Technology Centralization Effort Looms
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Late last week, as the Securities Industry Association conference and exhibit wound down to its festive conclusion, Nomura Securities International Inc. was completing a purge of a key information technology support group -- one that was responsible for trading room data distribution systems. While details remain sketchy at press time, sources at the firm say that Nomura was dissatisfied with the group's efforts and is now looking to add a dose of centralization to its technology strategy in New
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